Audio By Carbonatix
Aggressive and desperate, clients of beleaguered investment firm Menzgold, have mounted another push for the payment of their monies ahead of Christmas.
Scores once again besieged the company’s Dzorwulu office in Accra, a place that has become a scene of haggling between angry clients and desperate security men.
In this latest episode, the once-loyal customers of Menzgold point to another broken promise from Management made in October 2018.
That promise was to pay 5% of locked up investments of clients who register for their new online trading platform, Joy News’ Emefa Dzaradozi reported.
But the customers, she said, took notice of a statement from Menzgold issued December 4, to staff to return to work on December 20, after they were all asked to proceed on leave.
The company promised the staff that “all outstanding entitlements, including end of year packages, shall be fully disbursed.”
Taking a cue from this, the customers also besieged the re-opened premises sensing the return of the staff could mean an opportunity to claim their investments.
But with at least 10 police officers stationed at the premises, beefed up security eclipsed their hopes of getting Management to respond to their concerns.
No staff turned up and the office remained closed, the reporter observed.
Thursday’s siege is one of several incidents since Menzgold was in September, ordered by the Securities and Exchange Commission to shut down its gold trading business citing lack of licence.
After weeks of uncertainty, the company in October, promised to pay and return the full value of the gold collectibles within 90 days.
It said customers no longer interested in dealing with the company are free to terminate after January 9, 2019.
Anxious customers including pensioners, politicians, pastors, senior security officials and bankers, have been told by the company that they cannot retrieve their capital but can expect dividend payments.

The customers in November 2018, grabbed media headlines after they escalated their pickets to a demonstration in Accra.
Menzgold invites those with gold collectibles to deposit it at their vault with a mouth-watering promise of at least 7.5% returns monthly.
In effect, within a year, a client could make 90% returns on investments and at most 120%, a promise which SEC believes is – in the least – risky.
Latest Stories
-
Drug bust: Genuine Ghanaian exporters may face heightened foreign inspections – Lawyer
5 seconds -
Drug cartels may be seeing Ghana as easy route – Lenin Anane Agyei
36 minutes -
Ghana risks gaining notoriety as drug-trafficking hub – Bobby Banson
45 minutes -
Government dismissed my drug trafficking warning, then tried to arrest me – Ntim Fordjour
47 minutes -
Day Two: 3rd Republic Bank-JoyNews Habitat Fair Clinic underway at Junction Mall
47 minutes -
NACOC addressing inherited gaps in fight against drug trafficking – Deputy Director-General
60 minutes -
Taekwondo goes to school as GTF launches five-region youth campaign
1 hour -
The issues Mourinho is struggling to fix at Real Madrid
1 hour -
Hundreds throng EducationUSA College Fair in Kumasi in pursuit of abroad studies
1 hour -
Drug bust: NACOC should be part of port inspection team – Twum-Barimah
1 hour -
Ward appointed Liverpool’s sporting director
1 hour -
This isn’t the first cocaine bust; NPP must stop the politicisation – NACOC deputy boss
1 hour -
Drug bust case: Only Customs officers, MPS officials in scanning room – NACOC
2 hours -
I don’t mind being insulted; I have a crocodile skin – President Mahama
3 hours -
Samson’s Take: Verify the badge – and verify the story
3 hours